This study introduces an information asymmetry regarding the foreign exporter's cost in a strategic trade model. We show that it is possible to use import quotas or voluntary export restraints as a signal of the strength of the foreign exporter who enters into a previously protected domestic...

In this paper, we analyze the relationships between biodiesel, ethanol and related fuels and agricultural commodities with a use of minimal spanning trees and hierarchical trees. To distinguish between short term and long term effects, we construct the trees for different frequencies (weekly,...

Credit contracting between a lender with market power and a small start-up entrepreneur may lead to the rejection of projects whose expected benefits are higher than their total costs when adverse selection is present. This inefficiency may be eliminated by government support in the form of...